Australian Home Prices Fall 1.2% In Oct For Seventh Monthly Decline As Rate Hike Looms

September Decline Revised To 1.3%; National Values Down 6.7% From Peak And 2.8% Y/Y - Capital-City Values Fall 8.1% In Seven Months, Fastest In 40 Years, Exceeding 7% Drop Over Same Period In 2022 23 - Sydney Prices Fall 1.6% In October, Leaving Values 1.5% Below Five Years Ago - Brisbane Prices Fall 2.0%; Perth Down 1.7% - Property Sales Fall 23% Y/Y, Stand 18% Below Five-Year Average; Sydney Volumes Down 30% Y/Y - Markets Price Nearly 90% Chance Of RBA Hike To 4.85%, With 20% Chance Rates Reach 5.1% - RBA Says Most Mortgage Holders Would Remain In Positive Equity After 20% House Price Fall